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Technology Stocks : GTIS - Will it be a Phoenix or not ? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Gizzo who wrote (1440)	2/3/1998 2:34:00 PM
From: RJC2006	Respond to of 2319

<<<<Why the 1/2 pop yesterday ?? See my post #1441. GT has clarified how it's going to expense their accumulated pre-paid royalties of $87.5 million.<< When it reports results for Q1 '98, the company will reveal that it is budgeting 15%-20% of what it expects will be its annual publishing revenue on R&D. Chaimowitz declined to reveal how much revenue is expected (Not a good sign!! Here was his chance to pre-announce good news or reassure investors regarding Q4), but CIBC Oppenheimer analyst Robert Fagin forecasts GT generated about $308m from publishing last year.>> 20% of which would be 61.6 million.>>>> Bill, At this point I couldn't tell you from one day to the next what in the hell is going on with this company. My suspicion is chaos has reined for some time. And I don't know about you but 61.6 million dollars is a lot to pay! 61.6 million for what? Bug Riders? A Duke ex. pak? I feel sorry for GT if Unreal hasn't been paid for yet. I have a feeling that the pounding we've seen is for a good reason and that reason will be revealed here in the next week or so.